New York State Teachers Retirement System Sells 6,193 Shares of The Sherwin-Williams Company (NYSE:SHW)

New York State Teachers Retirement System lowered its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 3.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 189,991 shares of the specialty chemicals company's stock after selling 6,193 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of Sherwin-Williams worth $64,584,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC raised its position in shares of Sherwin-Williams by 2.4% during the third quarter. Capital Advisors Ltd. LLC now owns 1,201 shares of the specialty chemicals company's stock worth $458,000 after purchasing an additional 28 shares during the period. GHP Investment Advisors Inc. lifted its position in shares of Sherwin-Williams by 47.5% in the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company's stock worth $33,000 after buying an additional 28 shares during the last quarter. Allworth Financial LP lifted its position in shares of Sherwin-Williams by 1.8% in the third quarter. Allworth Financial LP now owns 1,560 shares of the specialty chemicals company's stock worth $595,000 after buying an additional 28 shares during the last quarter. First Interstate Bank lifted its position in shares of Sherwin-Williams by 1.9% in the third quarter. First Interstate Bank now owns 1,466 shares of the specialty chemicals company's stock worth $560,000 after buying an additional 28 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS lifted its position in shares of Sherwin-Williams by 4.2% in the third quarter. Kornitzer Capital Management Inc. KS now owns 720 shares of the specialty chemicals company's stock worth $275,000 after buying an additional 29 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Insider Activity at Sherwin-Williams

In related news, SVP Mary L. Garceau sold 15,770 shares of the business's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total value of $6,275,198.40. Following the transaction, the senior vice president now owns 29,205 shares in the company, valued at $11,621,253.60. The trade was a 35.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is owned by company insiders.

Analyst Ratings Changes

SHW has been the subject of a number of analyst reports. Royal Bank of Canada reduced their price target on Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating for the company in a research report on Monday, February 3rd. Morgan Stanley cut their price objective on Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating for the company in a research report on Tuesday, January 28th. Robert W. Baird boosted their price target on Sherwin-Williams from $350.00 to $360.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd. Berenberg Bank upgraded Sherwin-Williams from a "hold" rating to a "buy" rating and upped their price objective for the company from $321.00 to $420.00 in a research note on Friday, January 24th. Finally, JPMorgan Chase & Co. upped their price objective on Sherwin-Williams from $370.00 to $390.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Sherwin-Williams has a consensus rating of "Moderate Buy" and a consensus target price of $400.00.

Sherwin-Williams Trading Down 0.5 %

Shares of NYSE:SHW traded down $1.61 during mid-day trading on Wednesday, reaching $351.39. 1,394,437 shares of the company's stock were exchanged, compared to its average volume of 1,586,247. The firm has a market capitalization of $88.50 billion, a price-to-earnings ratio of 33.31, a PEG ratio of 3.08 and a beta of 1.22. The business's fifty day moving average price is $352.19 and its 200-day moving average price is $365.40. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same period last year, the business earned $1.81 EPS. On average, research analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Company Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.